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The mortgage REIT sector has been on fire lately. It gave us some huge gains in late 2020 and more huge gains in early 2021. As investors shift into "value" stocks, we've seen a dramatic increase in price with price-to-book ratios increasing substantially in the sector. With these...
Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a dividend for the first quarter of 2021 of $0.28 per share, payable on April 26, 2021, to common shareholders of record as of March 31, 2021. Cautionary Statem...
During February, we placed a handful of trades in the mortgage REIT preferred shares. We recently picked up shares of ARR-C and NRZ-B. We'll highlight the index cards and commentary on those positions. In February we also closed out positions in NYMTP, TWO-E (which was called) and...
We trade our mortgage REIT positions based on shifting price-to-book ratios. It’s a great technique. It’s like counting cards, except we get to use machines, and some people think they sat down to play "Go Fish." We will share one of our recent adjustments in our por...
U.S. equity markets retreated from all-time-highs this week as interest rates and inflation expectations jumped to mid-pandemic highs amid a Southern 'Deep Freeze' and a slate of strong economic data. Declining on all four trading days this week, the S&P 500 retreated by 0.7% this...
The following slide deck was published by Ellington Residential Mortgage REIT in conjunction with their 2020 Q4 earnings call. For further details see: Ellington Residential Mortgage REIT 2020 Q4 - Results - Earnings Call Presentation
Pricing between the different series of NLY preferred shares is absurd. NLY-G values are much too close to NLY-F and NLY-I. Investors in NLY-G can get a dramatically better risk-adjusted rate of return by swapping to NLY-F or NLY-I. The payback period on the upgrade is less than t...
Ellington Residential Mortgage REIT (EARN) Q4 2020 Earnings Conference Call February 17, 2021 11:00 ET Company Participants Jason Frank - Deputy General Counsel & Secretary Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer Chris Smernoff - Chief Financial Of...
Ellington Residential Mortgage REIT (EARN): Q4 Non-GAAP EPS of $0.34; GAAP EPS of $0.60.Net interest income of $5.46M (-21.6% Q/Q) misses by $0.06M.Press Release For further details see: Ellington Residential Mortgage REIT misses on revenue
Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended December 31, 2020. Highlights Net income of $7.4 million, or $0.60 per share; full year 2020 net income of $20.1 million, or $1.63 per share. Core Ea...
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2024-06-11 04:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 11:48:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-29 09:00:20 ET Ellington Residential Mortgage REIT (EARN) declaring a stock dividend of $0.08 per share on Ex-Date : May 30, 2024. Shareholders on record as of May 31, 2024 are eligible for the dividend. The payment date is scheduled for June 25, 2024, and the declaration wa...